Dominican Republic: Talc And Steatite Market 2024

Talc And Steatite Market Size in the Dominican Republic

In 2022, the Dominican talc and steatite market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption saw a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Talc And Steatite Exports

Exports from the Dominican Republic

In 2022, shipments abroad of talc and steatite was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt curtailment. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, talc and steatite exports surged to $X in 2022. In general, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Haiti (X kg) was the main destination for talc and steatite exports from the Dominican Republic, with a X% share of total exports. Moreover, talc and steatite exports to Haiti exceeded the volume sent to the second major destination, the United States (X kg), sixfold. Bahamas (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Bahamas (X% per year).

In value terms, Haiti ($X) remains the key foreign market for talc and steatite exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Turks and Caicos Islands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Haiti was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Turks and Caicos Islands (X% per year).

Export Prices by Country

The average talc and steatite export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price, however, continues to indicate modest growth. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (X%), while the prices for the other major destinations experienced a decline.

Talc And Steatite Imports

Imports into the Dominican Republic

In 2022, purchases abroad of talc and steatite increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, talc and steatite imports soared to $X in 2022. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of talc and steatite to the Dominican Republic, accounting for a X% share of total imports. Moreover, talc and steatite imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

In value terms, India ($X) constituted the largest supplier of talc and steatite to the Dominican Republic, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average talc and steatite import price amounted to $X per ton, jumping by X% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, talc and steatite import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and Colombia ($X per ton), while the price for Turkey ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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